My Deep Dive into the GTG 1899-O Morgan Dollar

I’ve been closely examining an 1899-O Morgan dollar recently, and it’s sparked some fascinating discussions in my collecting journey. This coin, currently nestled in a simple 2×2 holder, has me pondering everything from grading nuances to market strategies. Let me share my insights and practical tips based on this experience.

Grading the 1899-O: My Assessment

When I first inspected this Morgan, I agreed with the grade hovering around MS63 to MS64. The Prooflike (PL) designation was tricky—photos often don’t do it justice, so in-hand examination is key for spotting those mirror-like fields. Here’s what I noted:

• Most collectors lean toward MS63 or MS64 for this piece, with PL status being debatable without physical inspection.
• If it is PL, it could justify a higher grade like MS64PL, but MS63PL feels more conservative based on typical wear patterns.
• Always check for surface quality under good lighting; minor hairlines or bag marks can knock it down a notch.

Why Reslabbing with NGC Makes Sense

I’m planning to send this coin to NGC for reslabbing, not necessarily for a grade bump, but for the prestige factor. While graders like ICG might be accurate, NGC and PCGS slabs command better resale value in the competitive market. My advice? If you’re building a high-end set, prioritize those top-tier slabs—it’s a game-changer for liquidity and collector appeal.

Market Observations on the 1899-O in PL

This year is notoriously tough to find in Prooflike condition, making any 1899-O PL a real gem. Demand is high, and supply is low, so prices can spike. I learned this firsthand when I missed out on one in an auction due to a flaky seller. But here’s a pro tip: network with trusted dealers. After that setback, I asked around and ended up with multiple options to choose from—never hesitate to seek out what’s not on display.

Practical Collecting Tips

Based on this, I’ve refined my approach. For rare Morgans like this:

• Focus on eye appeal over technical grades; a coin that looks great will always attract buyers.
• Build relationships with dealers—they often have hidden gems not listed online.
• If reslabbing, consider NGC for its reputation, but weigh costs against potential gains.

All in all, the 1899-O Morgan is a thrilling challenge for any collector. By staying observant and strategic, you can turn a simple coin into a centerpiece of your collection.